How to sell your motorcycle for the best price tips and tricks
Selling your motorcycle is a straightforward process. Following these suggestions will help you get the most out of your motorcycle while ensuring a smooth selling process.
You can sell the motorcycle either through dealers or privately. If you are in desperate need of cash, or trading for a newer model, selling through dealers is the better choice. Otherwise, you will most certainly get a higher price selling it privately.
The first step is to wash your motorcycle thoroughly and protect the paint with wax or polish. It is important to use attractive pictures while listing the motorcycle online.
Next, make sure that all the fluids have been topped up. Then check whether everything, including the electrics, is in working condition and make sure that it starts and runs smoothly.
Get an MOT certificate if it does not have one. Keep the necessary documents like service history, previous MOT, logbook, and tax receipts in hand. The more information you can provide, the better your chances of selling it for a good price will be better. While listing your motorcycle, fix a realistic price based on other offers that you can find online.
Before permitting a test ride, ensure that the buyer has insurance that covers other’s motorcycles as well. Also, please take a picture of their driving licence and ask them to put down the asking price or most of it.
Haggling for the right price might be the hardest part of the whole process. Unless you are in a hurry to sell the motorcycle, please do not sell it to the first buyer unless they offer the full asking price.
If the buyer wants to take the motorcycle then and there, ask for the full money in cash. If they are paying through cheque or account transfer, do not release the motorcycle until the money is cleared.
After handing over the keys, the final step is to give the buyer the New Keeper section of the V5 logbook, which they can keep. Get them to fill in their name, address, date of birth, driving licence number, and the motorcycle's mileage on the main part of the V5. You should then send this to the DVLA, and they'll send the buyer a new copy in their name.